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United States · Bill · HR

H.R. 4718 (113th)

To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

openUnited States· United States Congress· EN

Introduced

22 May 2014

Last action

15 July 2014 · Calendars

Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.

Sponsors

Rep. Tiberi, Patrick J. [R-OH-12], Rep. Schock, Aaron [R-IL-18], Sen. Young, Todd [R-IN], Rep. Reed, Tom [R-NY-23], Rep. Paulsen, Erik [R-MN-3], Rep. Griffin, Tim [R-AR-2], Rep. Nunes, Devin [R-CA-22], Rep. Kelly, Mike [R-PA-16], Rep. Brady, Kevin [R-TX-8], Rep. Jenkins, Lynn [R-KS-2], Rep. Boustany, Charles W., Jr. [R-LA-3], Rep. Marchant, Kenny [R-TX-24], Rep. Black, Diane [R-TN-6], Rep. Buchanan, Vern [R-FL-16], James Renacci, Rep. Gerlach, Jim [R-PA-6], Rep. Reichert, David G. [R-WA-8], Rep. Huizenga, Bill [R-MI-4], Rep. Roskam, Peter J. [R-IL-6], Rep. Price, Tom [R-GA-6], Rep. Kline, John [R-MN-2], Rep. Sessions, Pete [R-TX-17], Sen. Gardner, Cory [R-CO], Rep. Stivers, Steve [R-OH-15], Rep. Denham, Jeff [R-CA-10], Rep. Neugebauer, Randy [R-TX-19], Sen. Peters, Gary C. [D-MI]

Subjects

Agriculture, Taxation

Source updated

7 April 2025

Agriculture · Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to: (1) make permanent the additional 50% depreciation allowance (bonus depreciation) for qualified property (i.e., property which has a recovery period of 20 years or less and is computer software, water utility property, or qualified leasehold or retail improvement property); (2) make permanent the election to increase the alternative minimum tax (AMT) credit limitation in lieu of bonus depreciation; and (3) allow an additional depreciation allowance for a tree or vine bearing fruits or nuts, in the taxable year in which the tree or vine is planted, or grafted to a plant, in the ordinary course of the taxpayer's farming business.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 22 May 2014

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 22 May 2014

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 22 May 2014

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 29 May 2014

    Vote

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 11.

    Source: Committee

  5. 29 May 2014

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 3 July 2014

    Calendars

    Placed on the Union Calendar, Calendar No. 381.

    Source: Calendars

  7. 3 July 2014

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-509.

    Source: Committee

  8. 3 July 2014

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-509.

    Source: Committee

  9. 9 July 2014

    Reported

    Rules Committee Resolution H. Res. 661 Reported to House. The resolution provides for the consideration of H.R. 5016 and H.R. 4718. The resolution provides for one hour of debate for each bill. Amendments may be offered to H.R. 5016, however no amendments are in order for H.R. 4718 except for the amendment in the nature of a substitute recommended by the Committee on Ways and Means and modified by the amendment printed in House Report 113-517. One motion to recommit is allowed for each bill.

    Source: Floor

  10. 10 July 2014

    Passed

    Rule H. Res. 661 passed House.

    Source: Floor

  11. 11 July 2014

    Vote

    On passage Passed by recorded vote: 258 - 160 (Roll no. 404). (text: CR H6110-6112)

    Source: Floor

  12. 11 July 2014

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  13. 11 July 2014

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 258 - 160 (Roll no. 404).(text: CR H6110-6112)

    Source: Floor

  14. 11 July 2014

    Vote

    On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 229 (Roll no. 403). (consideration: CR H6120-6121)

    Source: Floor

  15. 11 July 2014

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H6120)

    Source: Floor

  16. 11 July 2014

    Floor

    The resolution provides for the consideration of H.R. 5016 and H.R. 4718. The resolution provides for one hour of debate for each bill. Amendments may be offered to H.R. 5016, however no amendments are in order for H.R. 4718 except for the amendment in the nature of a substitute recommended by the Committee on Ways and Means and modified by the amendment printed in House Report 113-517. One motion to recommit is allowed for each bill.

    Source: Floor

  17. 11 July 2014

    Floor

    Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H6119-6121; text: CR H6119)

    Source: Floor

  18. 11 July 2014

    Floor

    The previous question was ordered pursuant to the rule. (consideration: CR H6119)

    Source: Floor

  19. 11 July 2014

    Floor

    Considered under the provisions of rule H. Res. 661. (consideration: CR H6110-6121)

    Source: Floor

  20. 14 July 2014

    Calendars

    Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    Source: Calendars

  21. 15 July 2014

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.

    Source: Calendars

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Placed on Calendar Senate (text)

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 15 July 2014

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 15 July 2014

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  • Engrossed in House (text)

    Engrossed in House · EN · 11 July 2014

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 11 July 2014

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  • Passed House amended

    summary · EN · 11 July 2014

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  • Reported in House (text)

    Reported in House · EN · 3 July 2014

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  • Reported in House (PDF)

    Reported in House · EN · 3 July 2014

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  • Reported to House with amendment(s)

    summary · EN · 3 July 2014

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  • Introduced in House (text)

    Introduced in House · EN · 22 May 2014

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  • Introduced in House (PDF)

    Introduced in House · EN · 22 May 2014

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  • Introduced in House

    summary · EN · 22 May 2014

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Sponsors

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Sources

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